Entrepreneurship is not just for the wealthy and well-educated – it’s for everyone! That’s the idea behind inclusive entrepreneurship. It’s about supporting people from all backgrounds to turn their dreams into reality, whether that’s through self-employment, starting a small business, or social enterprise. It’s about empowering people to use their creativity and skills to create a more sustainable future for all.
The ASEAN region is working to promote inclusive business through a number of key strategies. These include coaching and mentoring, digital transformation and green initiatives, partnerships between small and large businesses, and the development of inclusive entrepreneurs. Inclusive business is seen as a way to combat extreme poverty and address global issues, as well as supporting economic recovery and sustainability.
Why is inclusive entrepreneurship important? It’s about more than just business ownership. It helps foster a fundamental understanding of business, community collaboration, and the skills needed for personal and community success. It also gives people the opportunity to exercise their creativity, build self-esteem, and feel a greater sense of control over their lives.
According British Council Research, in Indonesia, the growth of social enterprises in the past 5 years has contributed significantly to the country’s economic development and inclusivity. Social enterprises in Indonesia differentiate themselves from mainstream businesses by placing inclusivity and equality at the core of their operations and social missions. They often operate in rural areas, connecting with untapped potential and creative resources within communities and inspiring social innovation.
Social enterprises have also contributed to the empowerment of minority groups, particularly women, with a workforce that is estimated to be made up of 69% women and is responsible for a 99% increase in full-time female employment from 2016-2017. The success of social enterprises in Indonesia has the potential to contribute 1.91% of the country’s GDP (19.4 billion). To support the growth of social enterprises and inclusive entrepreneurship in Indonesia, the government can play a key role by creating an enabling environment, addressing regulatory issues, developing alternative financing models, and promoting social enterprise through outreach and awareness campaigns.
In conclusion, inclusive entrepreneurship is not just a buzzword – it’s a movement that’s sweeping the globe, and especially the ASEAN region. By supporting people from all backgrounds to turn their dreams into businesses, we’re not only helping individuals succeed, but also creating a more sustainable and equitable future for everyone. In Indonesia, social enterprises are leading the charge in this movement, and with the help of the government and other stakeholders, we can all work together to create an inclusive and creative economy that leaves no one behind. So, let’s get out there and make our mark as inclusive entrepreneurs!